The Quarterly Journal of Austrian Economics (QJAE) is a refereed journal that promotes the development and extension of Austrian economics and the analysis of contemporary issues in the mainstream of economics from an Austrian perspective..
Review of Economic Organization and Economic Knowledge: Essays in Honor of Brian J. Loasby, edited by Sheila C. Dow and Peter E. Earl
It is a rare individual who is able to draw from many disparate traditions in economic thought and combine these into a coherent research program.
Review of The Myth of the Rational Voter: Why Democracies Choose Bad Policies by Bryan Caplan
Caplan has thought much about his topic. However, redefining policy preferences that he and probably most economists disagree with as “irrationality” is dubious
The Viennese Connection: Alfred Schutz and the Austrian School
In the following I shall try, first, to briefly introduce the two interpretations of Schutz’s relationship with the Austrians, and second, to cast new and more detailed light upon some aspects of the relationship
What Austrian Scholars Should Know About Logic (Any Why)
hy is logic, usually thought of as a branch of philosophy, important to Austrian scholars, most of whom are economists and not philosophers? The aim of this paper is to sketch a number of reasons and draw some conclusions.
Open Institutional Structure
By examining several different types of open institutions including open source software, open science and open square, this paper presents a general analysis of open institutional structure
Mathematics, Metaphors and Economic Visualisability
In the nineteenth century, scholars trained in both mathematics and political economy began to construct economic theory in mathematical form.
Property and Freedom: The Story of How Through the Centuries Private Ownership Has Promoted Liberty and the Rule of Law By Richard Pipes
Pipes does make a contribution to our appreciation for private property. It cannot be denied that the book starts out on a high plain. Certainly, Pipes is correct in locating the difficulties suffered by both Russia
Fractional Reserve Banking: Some Quibbles
We explore several unaddressed issues in George Selgin’s (1988) claim that the best monetary system to maintain monetary equilibrium is a fractional reserve free banking one.
Interpreting Caritas: Did Frank Knight and Ludwig von Mises Get it Wrong?
This paper contrasts the writings of Frank Knight and Ludwig von Mises, two economists from the first half of the twentieth century who were highly critical of Christianity, with the philosophies of the Christian
Suggestions for Teaching Intermediate Macroeconomics: A Praxeological Perspective
Joseph T. Salerno (2004) has presented us with the choice of pursuing economics as a vocation or profession. The focus of the vocational economist is the pursuit of truth whereas the professional economist
Free Banking and Fractional Reserves: Response to Pascal Salin
Pascal's Salin's (1998) critique of my article "Free Banking and the Free Bankers" (1996) raises several important issues about the theory of banking.
Capital, Monetary Calculation, and the Trade Cycle
The Austrian theory of the business or trade cycle is an intricate blend of monetary theory and capital theory. Mises’s (and Hayek’s) monetary and capital theories differ in both significant
The Role of the Economist in Economic Development
We have provided a reconsideration of the role of the economist in economic development. In doing so, we first considered the evolution of development economics
Entrepreneurship and Economic Growth
In the later half of the twentieth century a production function approach to economic growth has led both growth theory and growth policy to conclude that increases in output could best be produced by increasing the inputs into the production process.
Review of Capital in Disequilibrium: The Role of Capital in a Changing World, 2nd ed., by Peter Lewin
Peter Lewin’s Capital in Disequilibrium is an award-winning, extensive survey of capital theory, which touches on and summarizes an array of issues and phenomena.
The Entrepreneur: Real and Imagined
Ludwig von Mises, Friedrich Hayek, and Murray Rothbard were the main architects of the distinctly Austrian theory of production as it exists today. All three conceived the entrepreneurial function
The Case Against Currency Boards
The authors argue that a currency board is a creation of the state, aiming at granting particular political favors,and purposefully designed to secure the reappearance of an independent domestic money producer.
“The Forgotten Contribution: Murray Rothbard on Socialism in Theory and in Practice” and the Reinterpretation of the Socialist Calculation Debate: A Comment
The article is a much needed and long overdue acknowledgement and appreciation of Rothbard’s contributions to the theory, including the calculation debate, and practice of socialism.
Systematic Risk, Missing Gold Flows, and the Panic of 1907
his paper investigates the potential systemic risks posed to the U.S. securities markets by the banking crisis during the Panic of 1907. Past studies of 1907 have focused almost exclusively on the banking crisis.
Winners, Losers, and Microsoft: Competition and Antitrust in High Technology by Stan J. Liebowitz and Stephen E. Margolis
The resourceful antitrust community has simply gone ahead and reinvented itself by developing several new theories and an entirely new approach to evidence.